Sonders: Conditions for a Fed Rate Cut Don't Exist

The transcript discusses the Federal Reserve's upcoming July meeting, highlighting the board's unanimity and the likelihood of a 25 basis point hike. It explores the data dependency of future decisions, particularly for the September meeting, and the market's perception of the Fed's role. The discussion also covers the equity market's trends, earnings outlook, and the dynamics between nominal and real revenue growth, emphasizing the differences between the bond and stock markets.

What is the current sentiment on the Fed board regarding the upcoming July meeting?

How does the speaker view the data dependency of the Fed's decisions?

What are the expectations for the September FOMC meeting based on current data?

What historical context does the speaker provide regarding the Fed's past actions in the 1970s?

What risks does the speaker associate with the market pricing in rate cuts?

How does the speaker differentiate between the bond market and the stock market?

What does the speaker suggest about the relationship between nominal revenue growth and real revenue growth?